Chinese telecom companies China Unicom and China Telecom have partnered with SDIC ( State Development Investment Corporation) and data center provider GDS Holdings to develop data centers in selected regions of Chinese markets. According to this agreement, the organizations will begin with a turn-key project that will be set up in the Tianjin region of China in a bid to tap lucrative markets.

GDS say that the partnership seeks to provide state-of-the-art data centers equipped with latest resources and facilities for organizations doing business in selected markets. They further added that the agreement, a non-binding letter of intent, shares a unified vision to further the growth story of digital economy in China. Excited by the commencement of this project, William Huang, Chairman and CEO of GDS Holdings commented:

We are honored to participate in this letter of intent with these leading state-owned enterprises.

Revealing the intention of all four organizations coming under one roof, GDS said that the future prospects of the deal were too hard to overlook. They also felt that all the organizations shared a strong vibe of vision, mission, and intent with a passion to strengthen their businesses. Explaining this in detail, Huang said:

As we realize synergies together, we look forward to working alongside our distinguished partners to explore potential opportunities within the government and state-owned enterprise segments and to further strengthen our brand and market leading position.

According to GDS, the details of co-operation arrangements under the letter of intent are subject to legal agreements by all four parties and are currently under regulatory approvals.